Big opportunities seen in small cities
2011-03-03 10:20:16
China's home appliance market is expected to continue to outpace that of other countries in the coming years, but both domestic companies and multinationals have to venture into the country's smaller cities and rural areas to capitalize on the huge growth opportunity, said a senior industry analyst.
Sina weibo user number soars
2011-03-03 10:04:36
China's largest Internet portal Sina Corp said it will not push for early profits from its Twitter-like service, Sina Weibo, with regard to long-term growth, even though its registered users exceeded 100 million by the end of February.
CIC plans capital injection
2011-03-03 09:58:48
A capital injection plan for China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, has been submitted to the State Council for approval, according to sources close to the matter.
Income tax reform is proposed
2011-03-03 09:50:08
China's State Council will present a proposal to the National People's Congress on raising the personal income tax threshold and adjust taxation brackets. The move is aimed at allaying public concerns over inflation and easing the tax burden on individuals.
Tariff cut 'to boost imports'
2011-03-03 09:37:11
Import tariffs will be reduced on a range of products and red tape involved in import application procedures will be further cut, to "maintain balanced trade", a senior official told China Daily.
Financial leasers thrive in agriculture
2011-03-03 09:31:50
Assets of China's financial leasing companies totaled 310 billion yuan ($47.15 billion) in 2010, up from 160 billion yuan the previous year, playing an increasing role in promoting agriculture.
Subsidies to low-income tied with prices
2011-03-03 09:26:53
China's top economic planner will peg benefits to low-income families with price levels to ensure they can maintain living standards, said a circular released Wednesday.
Banks urged for more support to small firms
2011-03-03 09:14:53
China's banking regulator has ordered commercial lenders to offer more financial support to small enterprises, according to a statement released on its website on Wednesday.
Wahaha plans to open department stores
2011-03-03 09:12:01
Billionaire Zong Qinghou, whose beverage maker Hangzhou Wahaha Group Co has made him China's richest man, said he plans to venture into retailing by opening 100 department stores.
China to adjust personal income tax
2011-03-02 17:23:27
An executive meeting of China's State Council, the Cabinet, approved Wednesday the draft plan to amend the personal income tax law and a plan to accelerate development of the Chengdu-Chongqing economic zone.
Beijing home sales slump in February
2011-03-02 13:33:32
Beijing saw sharp declines in home sales in February following the enacting of a group of measures to cool the housing market, local authorities said Tuesday.
Increased aluminum prices boost Chalco profit
2011-03-02 13:25:41
Aluminum Corp of China Ltd, or Chalco, swung back into profit in 2010 after posting a loss in 2009, thanks to increased global aluminum prices.